ASIA PACIFIC BIG DATA IN E-COMMERCE MARKET FORECAST 2020-2028

ASIA PACIFIC BIG DATA IN E-COMMERCE MARKET FORECAST 2020-2028

The Asia Pacific big data in e-commerce market is estimated to register growth at a CAGR of 15.10% during the forecast period, 2020-2028. The growth factors are accredited to the expanding e-commerce applications and the growing adoption of technology among the countries of the market region. Many organizations in the region are using big solutions for gaining meaningful insights with regard to customer behavioral patterns. Also, the number of internet users is growing in the region.

ASIA PACIFIC BIG DATA IN E-COMMERCE MARKET FORECAST 2020-2028

The Asia Pacific big data in e-commerce market is estimated to register growth at a CAGR of 15.10% during the forecast period, 2020-2028. The growth factors are accredited to the expanding e-commerce applications and the growing adoption of technology among the countries of the market region. Many organizations in the region are using big solutions for gaining meaningful insights with regard to customer behavioral patterns. Also, the number of internet users is growing in the region.

The Asia Pacific big data in e-commerce market growth is analyzed through the countries of Japan, China, Thailand, Indonesia, Vietnam, South Korea, India, Australia & New Zealand, and the rest of Asia Pacific. In China, the increasing penetration of the internet and the rising number of smartphone users, along with the need for customer & behavioral analytics and the growing algorithm development, are resulting in a vast amount of being generated, thereby driving big data technology in the country. The Chinese e-commerce company, JD. Com, uses big data for financial modeling. The increasing investments are also set to fuel the market growth of the country. India comes under the top 10 big data analytics markets if the world. According to NASSCOM, the country is set to account for a considerable share of the global analytics market. Thus, big data analytics have huge growth opportunities in the country. The Indian government has put forth a ‘Big Data Management Policy’ that was launched by the Comptroller and Auditor General of India (CAG), wherein the huge volume of data generated by the central and state government departments will be managed under the policy.

Hitachi Ltd. manufactures electronic and electrical products. The company’s product portfolio includes Pentaho Business Analytics, Hitachi Content Intelligence, Pentaho Data Integration, etc. The company has its operations in North America, Europe, and Latin America. The company has its headquarters in Chiyoda-Ku, Tokyo, Japan. The company developed an open-source software based big data analytics technology in November 2017 for accelerating the speed by 100 times.

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